Besides freeing manufacturers from any obligation to document the safety or efficacy of their products before putting them on the market, the 1994 legislation also freed them from any responsibility to reportadverse effects.
Any person who takes adverse action against you based upon a credit report must notify you in writing of the identity of the credit reporting agency and the adverse action taken.
"Increasing the nation's use of natural gas for electricity generation could result in adverse economic consequences, " the report said, noting that natural gas prices are fickle and that fuel switching on a large scale would require regulators to approve more pipeline and storage capacity.
Within 60 days after being so notified, you are entitled to a free copy of your credit report upon informing the credit rating agency of the adverse action.
The report said the proposal would cause "unacceptable levels of noise and disturbance, with consequent adverse effects on the living conditions of those living nearby".
Citing potential adverse effects on the cost and availability of credit to small business owners, the Federal Reserve concluded in a recent report to Congress that imposing stricter regulations on small business credit cards would do more harm than good.